New Horizon

(Issue 65)

Comment

Islamic Banking - Suffering from a Lack of Cultural Identity

Feature Are we Hampering the Growth of Islamic Financial Institutions by calling them Banks? Simon Devenish suggests that Islamic banks redefine themselves as Islamic financial institutions, and create their own unique niche in the global finance market.
Islamic Finance
What is the Islamic View on Time Value of Money and How does it Differ from that of the Traditional Ones? There are no specific Islamic theories and injunctions on Time Preference but postponing of the enjoyment of an asset over a future date is in effect sacrifice on the part any investor, writes Imtiaz Ahmed Pervez.
Islamic Stock Market
Islamisation and Stock Market Efficiency
Some banking authorities fear that Islamisation may lead to reduced efficiency of the Stock Market. Dr Mohammed Obaidullah argues that no trade off exists between Islamic values and market efficiency. On the contrary, Islamic ethics lead to increased efficiency.
IIBI Forum

IIBI Shariah Scholars provide answers to questions and issues pertinent to Islamic banking

IIBI News

Report on Institutes Activities

News Monitor

New Horizon reports on recent developments within the Islamic financial world